The ownership of Milan is ready to switch from the hands of Silvio Berlusconi to those of the Chinese. The signing of the preliminary contract was completed on August 5 and confirmed in a press-release issued via Fininvest. Today a document presented to the Chinese stock exchange confirming the closure, mentions a new partner involved in the deal; Yongda Group.
 

This morning in China, as revealed by Milannews, the stock exchange confirmed the purchase of the football club by a Chinese consortium. The document states that; “The operation for the acquisition of Milan by Sino/Europe has been completed. The Yongda Group Co. Ltd. intends to participate as an investor". The announcement was made because the Yongda Group Co.Ltd is a company quoted on the stock exchange.


S.M